Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Headlines
    3. >Serbia's prosecutor files to indict minister in connection with Kushner project
    Headlines

    Serbia's Prosecutor Files to Indict Minister in Connection With Kushner Project

    Published by Global Banking & Finance Review®

    Posted on December 15, 2025

    2 min read

    Last updated: January 20, 2026

    Add as preferred source on Google
    Serbia's prosecutor files to indict minister in connection with Kushner project - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:Presidentinvestmentfinancial communitypublic policy

    Quick Summary

    Serbia indicts a minister for removing cultural site status for a Kushner project, sparking protests. The court decision is pending.

    Serbian Minister Faces Indictment Over Kushner Project Site

    BELGRADE, Dec ‌15 (Reuters) - Serbia's prosecutor on Monday filed an indictment against a minister over his role ‍in ‌removing the protected status as a site of cultural significance to allow for the development ⁠of a luxury compound by an investment ‌company set up by Jared Kushner, the son-in-law of U.S. President Donald Trump.

    U.S.-based Affinity Global Development aims to build a hotel, apartments, shops and offices on the site of the former Yugoslav army headquarters after ⁠signing a 99-year lease for it with the Serbian government last year.

    The plans have prompted protests by Serbs who ​say the site should be preserved as a monument to ‌Yugoslav-era modernist architecture and as a tribute ⁠to those who died when it was damaged in a 1999 NATO bombing campaign.

    Last month parliament passed a set of laws that could speed up the project and enable ​faster procedures for construction permits, a move that prompted fresh protests. 

    In a statement on Monday the office of the public prosecutor for organised crime said it had filed an indictment against the minister of culture, Nikola Selakovic, a ministry official and the head of the ​Republic Institute ‍for the Protection of Cultural ​Monuments.

    The three are accused in connection with "illegalities when removing a status of cultural heritage site from the army headquarters buildings," the public prosecutor said.

    They are accused of abuse of official position and falsification of an official document, the statement said.

    The court must now decide whether to approve the indictment - a process that could take months.

    Selakovic, who is a close ally of Serbian ⁠President Aleksandar Vucic, has denied wrongdoing.

    Despite protests, the Serbian government last November stripped the buildings of their protected cultural heritage status. Kushner ​set up Affinity Global Development after stepping down from his job as a White House aide in 2021. There is no indication of any wrongdoing by Kushner or Affinity in the latest case.

    The indictment comes at a turbulent time in Serbia, ‌as Vucic has faced a year of large-scale protests triggered by the collapse of a station roof in November 2024 that killed 16 people.

    (Reporting by Ivana Sekularac; Editing by Hugh Lawson)

    Key Takeaways

    • •Serbian prosecutor indicts minister over cultural site status.
    • •Project linked to Jared Kushner's investment company.
    • •Protests arise over cultural heritage concerns.
    • •Indictment includes abuse of position and document falsification.
    • •Court decision on indictment could take months.

    Frequently Asked Questions about Serbia's prosecutor files to indict minister in connection with Kushner project

    1What is an indictment?

    An indictment is a formal charge or accusation of a serious crime. It is typically issued by a grand jury and signifies that there is enough evidence to proceed with a trial.

    2What is cultural heritage?

    Cultural heritage refers to the legacy of physical artifacts and intangible attributes of a group or society that are inherited from past generations. It includes monuments, buildings, and traditions.

    3
    What is a luxury compound?

    A luxury compound is a residential area that typically features high-end amenities and exclusive properties. These developments often cater to affluent individuals seeking privacy and luxury.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Hezbollah chief rejects talks with Israel under fire, vows fighters will continue 'without limits'
    Hezbollah Chief Rejects Talks With Israel Under Fire, Vows Fighters Will Continue 'without Limits'
    Image for Hundreds evacuated after fire hits luxury Paris hotel
    Hundreds Evacuated After Fire Hits Luxury Paris Hotel
    Image for Pope Leo names Australian bishop to lead Vatican's legal office
    Pope Leo Names Australian Bishop to Lead Vatican's Legal Office
    Image for Russia says it supplies fuel to Cuba as humanitarian aid
    Russia Says It Supplies Fuel to Cuba as Humanitarian Aid
    Image for Iranian strikes pose ‘existential threat’, Gulf states tell UN
    Iranian Strikes Pose ‘existential Threat’, Gulf States Tell UN
    Image for Russia says it remains in contact with US on Ukraine settlement
    Russia Says It Remains in Contact With US on Ukraine Settlement
    Image for Putin allies Lukashenko and Kim meet in North Korea
    Putin Allies Lukashenko and Kim Meet in North Korea
    Image for Denmark's Frederiksen faces tough coalition talks to remain prime minister
    Denmark's Frederiksen Faces Tough Coalition Talks to Remain Prime Minister
    Image for UK police arrest two men over arson attack on Jewish community ambulances
    UK Police Arrest Two Men Over Arson Attack on Jewish Community Ambulances
    Image for Cricket-Bairstow joins Livingstone in criticising level of care in England set-up
    Cricket-Bairstow Joins Livingstone in Criticising Level of Care in England Set-Up
    Image for Mullally to be installed as first female Archbishop of Canterbury
    Mullally to Be Installed as First Female Archbishop of Canterbury
    Image for Cyprus seeks new security deal for UK bases, Telegraph reports
    Cyprus Seeks New Security Deal for UK Bases, Telegraph Reports
    View All Headlines Posts
    Previous Headlines PostUkraine Says Underwater Drones Hit Submarine, but Moscow Denies Damage
    Next Headlines PostFrench Court Jails Congo Ex-Rebel Leader for 30 Years